Why is Indoco Remedies falling/rising?
As of 08-Jul, Indoco Remedies Ltd's stock price is declining at 325.80, down 0.67%, with a total drop of 4.09% over the last three days. Despite a short-term outperformance, the stock has significant long-term underperformance and negative operating profits, raising concerns for investors.
As of 08-Jul, Indoco Remedies Ltd is experiencing a decline in its stock price, currently at 325.80, which reflects a decrease of 2.2 points or 0.67%. The stock has been on a downward trend, having fallen for the last three consecutive days, resulting in a total decline of 4.09% during this period. Despite outperforming its sector by 0.26% today, the stock's delivery volume has significantly decreased by 47.28% compared to the 5-day average, indicating a drop in investor participation. Over the past week, the stock has shown a positive return of 4.17%, but it has underperformed in the longer term, with a year-to-date return of -2.02% and a one-year return of -6.23%. The company's poor long-term growth, as indicated by a staggering -177.42% annual rate of operating profit growth over the last five years, and negative results for the last ten consecutive quarters, contribute to the stock's recent decline.In the broader market context, while Indoco Remedies has outperformed the sector in the short term, its overall performance has been lackluster compared to the benchmark, with the Sensex showing a 1.85% gain over the past month. The stock's consistent underperformance against the benchmark over the last three years, coupled with negative operating profits and a low return on capital employed, paints a concerning picture for potential investors. The stock's risk profile is heightened due to its negative operating profits and significant declines in profitability, which further dampens investor confidence and contributes to its falling price.
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